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Politics : The Donald Trump Presidency
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Thehammer
To: FJB who wrote (60308)12/3/2024 11:34:17 AM
From: FJB1 Recommendation   of 74636
 
Mike Lee — What you don’t know about Social Security.

7. Now, let’s talk about what happens to “your money” once it’s in the government's hands. Spoiler alert: it’s not managed like your IRA or 401(k).
8. First of all, this money doesn’t sit in a nice, individual account with your name on it. No, it goes into a huge account called the “Social Security Trust Fund.”
9. But here’s the kicker—the government routinely raids this fund. Yes, you heard that right. They take “your money” and use it for whatever the current Congress deems “necessary.”
10. Every few years, there’s talk in Congress about “saving Social Security.” I’ve introduced and cosponsored a number of measures over the years that would fix it. But most in Congress show little desire to fix it, and are instead constantly looking for ways to “borrow” from it—with no plan to put it back.
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